4E: Standard Chartered is optimistic about RWA reaching $2 trillion on-chain; Strategy and Coinbase's financial reports boost sector sentiment

ChainCatcher news, according to 4E observations, Standard Chartered's latest report predicts that the tokenization scale of real-world assets (RWA) will reach $2 trillion by the end of 2028, a 56-fold increase from the current approximately $35 billion, excluding stablecoins. Geoffrey Kendrick, head of digital asset research, pointed out that Ethereum will become the main hosting platform due to its strongest stability and network effects. The report believes that the popularity of stablecoins is laying the foundation for the on-chain transformation of traditional assets such as money market funds and stocks.

Bitcoin financial company Strategy (MSTR) announced its third-quarter financial report, with a net profit of $2.8 billion, slightly exceeding expectations; as of October 26, it holds 640,800 BTC, with an average cost of $74,032. The company raised its preferred stock dividend to 10.5% and expects a net profit of $24 billion for the fiscal year 2025, assuming the Bitcoin price at the end of the year is $150,000. Boosted by this, MSTR's after-hours trading rose by over 9%.

Coinbase's third-quarter revenue grew by 37% year-on-year to $1 billion, with Ethereum trading accounting for 22%, indicating a shift in market activity from BTC to ETH. The company also increased its holdings by 2,772 BTC, with after-hours stock price rising by 5%.

Mining company Riot Platforms achieved a net profit of $104.5 million and revenue of $180 million, setting a historical high, with 1,406 BTC mined in a single quarter. CEO Jason Les stated that the company is accelerating the expansion of its data centers, transitioning to diversified computing power and AI infrastructure.

Additionally, a report from JPMorgan indicates that USDC has surpassed USDT in on-chain activity and market capitalization growth, benefiting from regulatory compliance and enhanced institutional adoption.

4E Commentary: From the prospects of RWA to mainstream public company financial reports, institutional inflows and regulatory clarity are strengthening the fundamental logic of on-chain assets. Ethereum's dominant position in the RWA and stablecoin ecosystem may become a key support for the 2025 crypto cycle.